NIBC partners with Outward Venture Capital to invest in FintechNews Release -
NIBC Bank is pleased to announce that it will partner with Outward Venture Capital and has made a cornerstone investment in Outward VC Fund LLP investing in Fintech companies. This partnership enables NIBC to strengthen its tech-based approach and provides a perfect opportunity to engage with promising Fintech ventures at an early stage.
NIBC continuously looks for new opportunities to develop and invest in relationships with Fintech companies to add value for its clients and to further optimize its business model. Our investment portfolio counts some of Europe’s leading Fintechs such as Oaknorth, Ebury and iwoca as well as leading German Fintech company builder Finleap.
Supporting Outward VC portfolio of leading Fintech companies
Nils Schaffner, Head of Fintech UK
“We are convinced that Tech and Fintech are poised to deliver the next generation of global category leaders. This unique initiative fits with NIBC’s entrepreneurial spirit and is a perfect opportunity to leverage NIBC’s existing Fintech relationships and platform across the Benelux, Germany and the UK while engaging with promising ventures at an early stage. We are very excited to work closely with the Outward VC team and support its portfolio of leading Fintech companies.”
The Outward VC Fund invests in late-seed to series A stage Fintech companies. The fund’s founding investors, Investec Bank and NIBC, are joined by UK and international investors.
Investec, headquartered in London, has an enviable track record of supporting high growth UK companies and entrepreneurs. Its investment bank led the IPOs of Blue Prism and Fever Tree, and its private bank focuses heavily on business owners and private equity professionals.